Deals
T-Mobile’s Sprint Deal Still Faces Trial With Dubious States
- Merger can’t be closed until lawsuit resolved at Oct. 7 trial
- Antitrust deal is ‘fig leaf that doesn’t cover up ugly parts’
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States that sued to block T-Mobile US Inc.’s acquisition of Sprint Corp. signaled they aren’t giving up, even after the U.S. antitrust regulator blessed the $26.5 billion deal.
New York Attorney General Letitia James, who’s co-leading the lawsuit filed in June, cast doubt on the centerpiece of the companies’ settlement with the government: the sale of assets to Dish Network Corp. to help create a new provider of wireless services and preserve competition.